Bengal Energy: Top 10 Undervalued Energy Sector Stocks on TSX (BNG)
Bengal Energy is now ranked among the top 10 undervalued stocks in the Energy sector on the Toronto Stock Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| ITE | i3 Energy | 0.15 | 0.37 | 0.22 (138.9%) | 144856 | 188.6 | 11.2 | 2.9 |
| PEA | Pieridae Energy | 0.34 | 0.62 | 0.28 (82.5%) | 19326 | 54.1 | 0.0 | 0.5 |
| AKT-A | Akita Drilling | 1.58 | 2.52 | 0.94 (59.3%) | 28338 | 63.4 | 0.0 | 2.5 |
| AKT-B | Akita Drilling | 1.72 | 2.67 | 0.95 (55.5%) | 152 | 69.0 | 0.0 | 2.4 |
| BNG | Bengal Energy | 0.02 | 0.03 | 0.01 (54.0%) | 8488 | 9.7 | 0.0 | 0.0 |
| CNE | Canacol Energy | 5.20 | 7.91 | 2.71 (52.1%) | 58414 | 177.4 | 19.8 | 0.7 |
| FEC | Frontera Energy | 7.88 | 10.39 | 2.51 (31.9%) | 44424 | 689.6 | 0.0 | 1.7 |
| ESI | Ensign Energy Services | 2.37 | 3.04 | 0.67 (28.1%) | 290720 | 438.6 | 0.0 | 11.0 |
| TWM | Tidewater Midstream | 0.83 | 1.05 | 0.22 (26.6%) | 325949 | 352.9 | 3.7 | 0.0 |
| PSD | Pulse Seismic | 2.12 | 2.66 | 0.54 (25.4%) | 23937 | 112.9 | 2.5 | 7.7 |
All data provided as of March 04, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Bengal Energy
Bengal Energy Ltd is involved in the exploration, development, and production of oil and gas reserves in Australia. It has two reportable operating segments the Australian oil and gas operations and corporate. Its producing assets are predominantly situated in Australia, in the Cooper Basin, a region featuring large hydrocarbon pools.
Bengal Energy is listed under BNG on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
